cayanawatson cayanawatson

03-06-2018
Mathematics

contestada

What will be the value in twenty years of $1000 invested at the end of each year for the next twenty years?

Respuesta :

McChuck McChuck

03-06-2018

The formula for yearly compound interest is A(1 + r)^t

Where is A = 1000, r = 8%, t = 20

[tex]1000(1 + .08)^{20} = 4660.96[/tex]

The answer is $4660.96

Answer Link

Otras preguntas

Who were the Nazis ?

A 4.5 newton object is placed in a tank of water. If the water exerts a force of 4.0 newtons on the object, will the object sink or float?

How consumers behaviour affect market equilibrium

Al washed a car in 6 minutes. Fred washes the same car in 8 min. How long dies it take Al and Fred to wash the car together?

The graph of y = 4x - 11 is translated up 8 units. Which equation represents the translated graph? f y = 4x - 19 g y = 4x - 3 h y = 12x - 11 j y = 12x - 3

The number of waves that pass a particular point in a unit of time is called the __________ of the waves. (a) rarefaction (b) compression (c) amplitude (d) freq

Which word is an interjection commonly used in advertising?

Buck drove 220 miles in 5 hours. What was his average rate of speed?

The diameter of your bicycle wheel is 25 inches. How far will you move in one turn of your wheel?

The Indus, Ganges, and Brahmaputra were important to ancient India because they were